Best Buy opens first China store

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Best Buy opens first China store

Consumer electronics retailer Best Buy is opening its first outlet in China, teaming up with a local partner to tackle the hyper-competitive market for gadgets and appliances.

Best Buy, the No. 1 U.S. consumer electronics retailer, is one of scores of foreign retailers taking advantage of a lifting of limits on foreign competition to try to woo consumers in the world’s biggest potential market.

Read the complete story here. (AP via Yahoo)